Dripping Springs, TX 78620 (Hays County)
About this property
Owner Financing Available – Madrona Ranch: Luxury Living & Proven STR Income in the Heart of Texas Hill Country Just minutes from downtown Dripping Springs, Madrona Ranch offers a rare combination of luxury, privacy, natural beauty—and an exceptional investment opportunity. This unrestricted 20+/-acre estate is not only a stunning Hill Country retreat, but also a currently operating and highly successful short-term rental (STR) property with a strong rental history and outstanding guest reviews. Perched amidst sweeping long-range views and dramatic elevation changes, the property features a seasonal creek that adds character and charm during the rainy season. The ranch is Ag-exempt and thoughtfully designed for both lifestyle and income potential. The main residence is accompanied by three beautifully finished guest casitas, each crafted with upscale finishes and a clean, modern aesthetic—perfect for hosting guests, extended family, or multigenerational living. These well-appointed casitas are a favorite among STR guests, offering privacy and resort-style accommodations. Additional improvements include a 30x50 workshop, an insulated well house, and a 30,000-gallon water holding tank. Water is supplied by both a private well and a rainwater collection system, ensuring sustainability and peace of mind. The fully fenced property includes a secure gated entrance and over half a mile of private paved road leading to the homesite. Whether you’re looking to expand an income-producing STR business, build your dream ranch, or create a family compound, Madrona Ranch offers multiple build sites and endless potential in one of the most sought-after regions in Texas. Located just 45 minutes from Austin and 90 minutes from San Antonio, this is a timeless opportunity to own a piece of the Texas Hill Country—with immediate income potential and unmatched natural beauty.
Property details
Location
About the Area
810-2 Kothmann Rd is located in Dripping Springs, Texas, in Hays County. Hays County is one of the fastest-growing counties in the United States, driven by the explosive growth of San Marcos and Kyle-Buda corridor connecting Austin and San Antonio. The county blends Hill Country character in its western reaches, Wimberley, Dripping Springs, Driftwood, with rapidly urbanizing communities along the I-35 corridor.
The Blanco River and Barton Creek headwaters flow through Hays County, carving spring-fed swimming holes beloved by generations of Texans. Jacob's Well, a natural cylindrical karstic spring, and the swimming holes of Blue Hole Regional Park draw visitors year-round. The Edwards Plateau escarpment creates dramatic topographic relief in the western half of the county.
Dripping Springs had an estimated population of 6,322 as of 2023. The 78620 zip code has a median household income of $146,551, a median home value of $624,800, and a median age of 42.7. The average household size is 2.73 people.
Texas State University anchors San Marcos, supporting a significant education and healthcare sector. The I-35 corridor has attracted major distribution centers and manufacturing. The western Hill Country communities of Wimberley and Dripping Springs have become destination wine, dining, and retreat markets commanding premium real estate prices.
Demographic data sourced from the U.S. Census Bureau, American Community Survey 5-Year Estimates (2023).
Listing information © 2026 Unlock MLS (ACTRIS). All data provided AS IS. Information is deemed reliable but not guaranteed. Listing courtesy of Topper Real Estate.